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ten network holdings ltd (TEN) Details

Ten Network Holdings Limited, through its subsidiaries, operates multi-channel commercial television licenses in Sydney, Melbourne, Brisbane, Adelaide, and Perth. The company operates through two segments, Television and Out-of-Home. The company operates television channels, such as TEN for viewers aged 25-54, which features news bulletins, current affairs, live sports, international dramas, comedies, and entertainment shows; ELEVEN that provides a mix of Australian and international content for viewers aged 13-29, including serial drama and international shows and drama; and ONE, an entertainment channel for men aged 25 and older, which features scripted and reality programming, as well as local and international sports. It broadcasts TEN in standard definition digital and analogue; ONE in high definition digital; and ELEVEN in standard definition digital. The company also operates tenplay, a digital platform that provides access to company’s content; Spree TV, a datacasting channel that showcases products and offers related to home improvement, lifestyle, cooking, fitness, and health products; and Beamly, a second-screen television application. In addition, it is involved in out-of-home advertising in the United States; and online business. The company was formerly known as Telecasters North Queensland Limited and changed its name to Ten Network Holdings Limited in March 1998. The company was founded in 1956 and is based in Pyrmont, Australia. Ten Network Holdings Limited is a former subsidiary of Canwest MediaWorks Ireland Holdings.

ten network holdings ltd (TEN) Key Developments

Ten Network Holdings Limited announced unaudited consolidated earnings results for the six months ended February 28, 2015. For the period, the company’s revenue from continuing operations was AUD 322,377,000 against AUD 329,603,000 a year ago. Total revenue was AUD 324,252,000 against AUD 331,558,000 a year ago. Loss before income tax was AUD 257,522,000 against AUD 5,158,000 a year ago. Loss from ordinary activities after income tax was AUD 261,334,000 against AUD 4,750,000 a year ago. Loss attributable to members of the company was AUD 264,387,000 against AUD 7,983,000 a year ago. Diluted LPS was 10.22 cents against 0.31 cents a year ago. Net cash flows used in operating activities was AUD 18,144,000 against AUD 10,097,000 a year ago. Acquisition of property, plant and equipment was AUD 4,853,000 against AUD 11,605,000 a year ago. EBITDA was AUD 7,467,000 against AUD 10,056,000 a year ago. Adjusted EBIT was AUD 151,000 against AUD 2,601,000 a year ago. Underlying Loss before tax was AUD 6,365,000. Underlying loss from continuing operations was AUD 10,177,000. Underlying loss attributable to members was AUD 13,230,000. Net debt as on February 28, 2015 was AUD 92.3 million against AUD 35.9 million a year ago.

FOXTEL Eyes Ten Network

Apr 27 15

FOXTEL Cable Television Pty Limited is planning to acquire to buy the main assets of Ten Network Holdings Limited (ASX:TEN) after rejecting Ten Network Holdings Limited Board's alternative offer that it take only a 14.99% stake and a Board seat at Ten Network Holdings Limited. FOXTEL Cable Television Pty Limited. Silver Eagle and Anchorage Capital are among the names to have been linked with a possible Ten sale.

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